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Elizabeth Warren Backs FDIC Chair After Damning Workplace Culture Report

Quincy, MA – Today, Punchbowl News reported that Elizabeth Warren will continue to support the current Federal Deposit Insurance Corp. Chair Martin Gruenberg, despite a damning report of toxic workplace culture under his leadership.

A independent third-party report “documented significant problems with the agency’s workplace culture and anti-harassment policies, as well as the chair’s own temper.

Democrats are calling on the chair to step down amid the allegations. Instead of calling out the behavior, Elizabeth Warren largely dismissed any problems and has doubled down in backing the chair, a crucial vote for Joe Biden.

Ian Cain, candidate for U.S. Senate, released the follow statement about the report:

“The toxic and despicable behavior at the FDIC has gone on for too long. It’s time for the agency to clean house. It’s clear for all to see that current leadership and their enablers are wrong.  I am extremely disappointed in Elizabeth Warren’s deference to the failed leadership after this damning report. The sexual harassment, misogyny and violence has to stop. I join others in calling for FDIC Chair Gruenberg’s resignation.”

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